Reliance is at a strong reversal zone
RelianceCMP 2677
Elliott- the ABC correction is a zig zag. The C wave is always the sharpest and in my view it is complete.
Fib- its at 38.2% Fib retracement of its recent swing lows. This means strength.
Trendline- support at the fib support is telling me this correction is over.
Oscillators- now we need reversal signals from the oscillators for confirmation.
Conclusion - though we still dont have a reversal signal in my view this is a high prob reversal zone.
Elliott- the ABC correction is a zig zag. The C wave is always the sharpest and in my view it is complete.
Fib- its at 38.2% Fib retracement of its recent swing lows. This means strength.
Trendline- support at the fib support is telling me this correction is over.
Oscillators- now we need reversal signals from the oscillators for confirmation.
Conclusion - though we still dont have a reversal signal in my view this is a high prob reversal zone.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.